Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Shares Acquired by State Street Corp

State Street Corp lifted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 36.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,442,937 shares of the bank’s stock after purchasing an additional 385,711 shares during the quarter. State Street Corp owned about 3.36% of Northfield Bancorp, Inc. (Staten Island, NY) worth $16,738,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of NFBK. Signaturefd LLC raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% during the third quarter. Signaturefd LLC now owns 2,143 shares of the bank’s stock worth $25,000 after purchasing an additional 1,488 shares in the last quarter. nVerses Capital LLC increased its position in Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock worth $33,000 after purchasing an additional 1,800 shares during the period. Point72 Asset Management L.P. raised its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 57.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 5,054 shares of the bank’s stock worth $59,000 after buying an additional 1,854 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 13.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,752 shares of the bank’s stock valued at $159,000 after buying an additional 2,030 shares during the period. Finally, Quarry LP purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter valued at approximately $28,000. 65.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Northfield Bancorp, Inc. (Staten Island, NY)

In other news, Director Annette Catino sold 22,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $13.12, for a total transaction of $288,640.00. Following the sale, the director now directly owns 225,653 shares of the company’s stock, valued at approximately $2,960,567.36. The trade was a 8.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.48% of the company’s stock.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 0.3 %

Shares of Northfield Bancorp, Inc. (Staten Island, NY) stock opened at $11.85 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50 day moving average price of $12.77 and a 200 day moving average price of $11.55. The company has a market capitalization of $508.41 million, a P/E ratio of 18.52 and a beta of 0.78. Northfield Bancorp, Inc. has a 1 year low of $6.98 and a 1 year high of $14.39.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.05% and a net margin of 10.94%. The business had revenue of $62.90 million for the quarter, compared to analyst estimates of $32.30 million. Sell-side analysts anticipate that Northfield Bancorp, Inc. will post 0.66 EPS for the current fiscal year.

Northfield Bancorp, Inc. (Staten Island, NY) Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.52 annualized dividend and a yield of 4.39%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is presently 81.25%.

Analysts Set New Price Targets

NFBK has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods boosted their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Northfield Bancorp, Inc. (Staten Island, NY) Profile

Northfield Bancorp, Inc (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking products and services primarily to individuals and corporate customers. It accepts various deposits products, including certificates of deposit, passbook, statement, and money market savings accounts; transaction deposit accounts comprising negotiable orders of withdrawal accounts, and interest and non-interest-bearing checking accounts; and brokered deposits.